The significant drop in OI suggests that there is unwinding of long positions
Nifty closed at 24246, down by 0.34% and Bank Nifty ended at 55370, down by 0.30%
Nifty formed a small bearish candle with an upper shadow on the daily chart, signaling pressure at higher levels, will wait for today to get the confirmation
View: Neutral to Bullish, The trend remains positive, but the small bearish candle suggests a possible pause. Watch for movement above 24300 for bullish confirmation.
Some profit booking seen at higher levels — nothing unusual after a sharp rally
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